This condo it is rented till August 2027. Amazing Opportunity in Miami Beach!Why should I buy this condo? Rare chance to own one of the best values currently available in the area. Built in 2007, this newer boutique building offers features that are difficult to find at this price point.Association requirements are buyer-friendly with no minimum credit score requirement, no income verification requirement, and no minimum down payment requirement imposed by the association. Unlike many buildings in the area, you don’t need a large down payment to buy. Qualified buyers may finance with as little as 3%-5% down, potentially saving tens of thousands of dollars compared to condos requiring 20%-25% or more down. Many condos in the same price range are located in much older buildings dating back to the 1950s, while this property combines modern construction with extensive recent building improvements.The building features assigned indoor parking, two beautiful rooftop terraces, impact windows and doors, and has recently completed major upgrades including building recertification/inspection, concrete restoration work, new roof, and a complete interior and exterior repainting.Inside, the unit has been updated with brand-new flooring in both bedrooms, a new A/C unit, and includes a washer, dryer, dishwasher, and more. Spacious layout, modern construction, and a prime Miami Beach location make this an exceptional value ! Schedule your showing today.
Listing Provided Courtesy of VantaSure Realty LLC at 954-461-5734
Property Details
Price:
$599,000
MLS #:
A12029487
Status:
Active
Beds:
2
Baths:
2
Type:
Condo
Subtype:
Condominium
Subdivision:
THE TERRACE CONDO
Neighborhood:
2420
Listed Date:
Sep 1, 2026
Finished Sq Ft:
976
Total Sq Ft:
976
Year Built:
2007
See this Listing
Schools
Elementary School:
Miami Beach Fienberg / Fisher K-8
High School:
Miami Beach
Interior
Appliances
Electric Water Heater, Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Cooling
Electric
Flooring
Tile, Wood
Heating
Electric
Interior Features
Elevator
Exterior
Association Amenities
Elevator(s)
Attached Garage YN
1
Construction Materials
CBS
Covered Spaces
1
Exterior Features
Balcony
Garage Spaces
1
Open Parking Spaces
1
Parking Features
Attached, Attached Garage, Garage, Garage Door Opener, Under Building
Security Features
Entry – Phone/Intercom, Secured Garage/Parking, Smoke Detector(s)
View
Garden
Window Features
Sliding
Financial
HOA Fee
$1,456
HOA Fee Frequency
Monthly
HOA Includes
Elevator, Insurance, Maintenance Grounds, Maintenance Structure, Reserve Funds, Roof Repairs, Sewer, Trash, Water
Tax Year
2025
Taxes
$6,685
Map
Community
- Address945 Michigan Avenue 5 Miami Beach FL
- SubdivisionTHE TERRACE CONDO
- CityMiami Beach
- CountyMiami-Dade
- Zip Code33139
Market Summary
Current real estate data for Condo in Miami Beach as of Oct 30, 2026
1,854
Condo Listed
141
Avg DOM
995
Avg $ / SqFt
$1,595,162
Avg List Price
Property Summary
- Located in the THE TERRACE CONDO subdivision, 945 Michigan Avenue 5 Miami Beach FL is a Condo for sale in Miami Beach, FL, 33139. It is listed for $599,000 and features 2 beds, 2 baths, and has approximately 976 square feet of living space, and was originally constructed in 2007. The current price per square foot is $614. The average price per square foot for Condo listings in Miami Beach is $995. The average listing price for Condo in Miami Beach is $1,595,162.
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